Satoshi Robot Scam Review: Don’t Believe Them

Satoshi Robot Scam Review: Don’t Believe Them

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Satoshi Robot, which can be found on this domain, is a weird trading application. The domain name tells it all. Even the story behind it does not make sense, and cannot be verified in any shape or form. Satoshi Robot definitely leaves a lot of questions behind especially to people who are naturally curious and inquisitive.

We are going to explore every aspect of this robot as well as the claims made on their website. We don’t think these claims can be verified though. That is why we suspect that Satoshi Robot is yet another generic trading app that loses money.

The retro theme might suggest that this website was probably launched in the early 90s. However, when we do more research into this matter, we discover that this website in only 4 months old since it was registered in December 2017.

So, what is the aim of this retro look and feel? Probably it has to do with the background story of the robot in question. There are allegations that the Satoshi Trading system is based on a 100 years old Japanese candlestick pattern that works in all markets, be it Forex, Stocks, Cryptocurrencies or anything other market.

To convince us that this trading system is really a ”century old”, the operator of this website had decided to give it an old-school like and feel. Will this work for them today? We doubt that fact. But definitely the operator of this website is unaware of the fact that they are fooling themselves. Let’s see how.

Satoshi Robot Review

The domain name does not reflect the name of the robot they are selling. While that is not necessarily an important matter, we cannot help but wonder why the site admin decided to register a domain that doesn’t reflect the name of the product which they are selling.

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Another thing that is probably worth mentioning is the demonstration of this trading system’s performance on the homepage. The homepage of the Satoshi Robot website displays a chart as well as some activity coming from the alleged Satoshi Robot trading system.

satoshi robot

From what we can see here, this is a trading indicator which marks special zones in a chart so traders can enter or exist accordingly.

Now, the trading activities of this robot seems to suggest that Satoshi Robot is winning all trades. We have not seen any instance of a false buy or sell signal.

This is probably the right setup for scammers who want to fool beginners. However, any logical person will question these trading signals as they are just too good to be true. Moreover, it appears like this chart and its activities have been programmed in such a way that same signals will be repeated after a few minutes. You should probably know by now that this is just a widget and not a real trading system.

So it is meant to fool those who do not know that such widgets can be used to trick visitors of a website who are always looking for super accurate trading indicators.

The story behind Satoshi Robot

There is definitely a funny story behind this trading app. First of all, we do not believe this tale. However, for the sake of this review, we will retell it here again to clarify some things.

First of all, there is a big contradiction because Satoshi Robot is allegedly to have been developed in 2015 by a man called ”Ivo Luhse”. He is allegedly the founder of a trading robots developer Are their trading robots good? We have no idea. We have never tested or heard of their reputation before.

According to this website, Ivo has been trading Forex since 2006. He originally developed Satoshi Robot for trading Forex. We highly doubt this statement because it was not until the year 2009 (when Bitcoin was introduced) that the name Satoshi came into the limelight. Before then, this name was not popular in the trading scenes. We could not find any software by that name back then.

Of course today scammers have used this name because they want to make traders believe that their substandard quality trading robots for Bitcoins are somehow associated with Satoshi, the inventor of Bitcoin.

The other thing is that the owner of Satoshi Robot is claiming that this trading strategy has been in use for the last 100 years. We doubt this statement because it cannot be verified.

If it’s true that this trading system has been in use for the last 100 years, it should be easy to produce trading records for the past 3 months. That’s the easiest way to convince people that a trading system works. Otherwise, how will we know that it works? How will we know that the vendor is selling us a robot that he has not put to task?

Watch out their risk disclaimer statement

The website of Satoshi Robot has a risk disclaimer at the footer. What exactly does this risk disclaimer say? It says they are a software development company and are not advised to practice any form of financial advisory services.

However, this is exactly the same thing which they are doing on this website. By offering you this trading tool and making you believe that you can make a lot of money with their Satoshi Robot, they are really giving you investment advice.

As you can see, the owner of this website is not taking responsibility for your losses, yet they are directly in charge of the performance of the product they are selling. Is this fair? Absolutely not.

Our best advice for you

With so many red flags and question marks on this website, we can’t risk trusting them. It’s going to be the greatest mistake ever. The good thing, however, is that we have our own trading robots for Cryptocurrencies. You want a real trading robot for Bitcoins and other altcoins? Consult this list for help. We will never mislead you or recommend something that will result in a financial loss. So make that decision.

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